ILFC closes $1.5 billion senior secured term loan

International Lease Finance Corp. (ILFC) has closed a new senior secured term loan of $1.5 billion, “the largest such deal by any aircraft lessor to date,” ILFC SVP & treasurer Pamela Hendry said. According to an ILFC statement, the loan will bear interest at the London Interbank Offered Rate (LIBOR) plus 275 basis points with a 0.75% LIBOR floor. The loan will mature in 2021.
“The collateral used to support the transaction has an initial weighted average age of 9.1 ...

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